Gold - on cusp of massive bearmarket :)

Talking of turning points

http://www.elitetrader.com/vb/showthread.php?s=&postid=2946329#post2946329

 

Gold 1257-2010 log scale Data Source:Global Financial Data
It is clearly on a fifth wave, but fifth waves sometimes extend, so it can go easily above $20,000 before dropping back to $200-$300.

 

Deadbroke I haven't got time to read thru your whole thread, could you please just tell us what your exact trade is and how much money you have riding on it?
That would make for great amusement.
If you have no position, which is my guess, then why not focus on your pathetic job, stop clogging up the forums, and go troll some teenagers on Myspace.

 

lol

 

Then you shouldn't even be in this thread. But you are still welcome along with everyone else.

 

I beat you to it by 1 month.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=204774

 

I looked at Marketsurfer's thread - not a bad call actually given the fact that it was a major drop. Ultimately he was wrong of course but he gets top marks from me for effort.

 

then you have no case.

 

Nice article.

I have yet to come across a single person in real life who is bearish Gold - they are all wildly bullish.

Even without a chart this is a warning light.

 

Gold daily chart aggressive trendline MIGHT be breaking. Wait and see.





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